Credit Card
What Is a Periodic Credit Limit Increase?
As credit card use grows, so does the importance of raising your limit to keep pace with inflation. Learn how periodic limit increases work, who qualifies, and the legal caps that apply.
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Credit Card
What Is a Credit Card Limit Increase?
A credit card is a loan granted by the bank, so it must follow certain criteria and stay within a limit. As card usage changes over time, the need for a higher limit can arise.
Credit Card
What does credit card limit allocation mean?
A credit card is a card whose limit the bank sets after evaluating the customer against criteria such as income, payment history, and credit bureau score.
Credit Card
What Products and Services Does KKB Offer Directly to Members?
KKB was established, under banking law, to enable the exchange of all kinds of information and documents among at least five banks, and it also shares credit information about customers. The Credit Bureau of Turkey also serves deposit banks, participation banks, financial institutions, and more.
Credit Card
How is limit management done in banks?
In transactions carried out through banks, a certain limit is set due to the rules and requirements of institutions such as the BRSA (BDDK) and MASAK, as well as the measures banks take to reduce risk, and transactions above this limit are not approved. In the world of payment systems…
Credit Card
Can My Credit Card Limit Be Reduced Without My Permission?
Yes. Your credit card limit can be reduced without your permission and approval. Banks may set a lower limit as a result of updates based on a person's economic and social situation, credit score and similar information.
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Through Which Channels Can I Request a Credit Card Limit Increase?
Banks welcome limit increase requests from customers with regular payments and a steady income, and they analyze each request in detail. Here are the channels you can use to submit one.
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Do I Pay an Extra Fee If I Exceed My Credit Card Limit?
If you exceed your limit by no more than 20% and close it in the next statement period, no more than twice a calendar year, only contractual interest is charged on the excess amount. You pay no additional fee.
Credit Card
What is LKS (Limit Control System)?
Limit Control System (LKS): A system provided by KKB (Credit Bureau of Turkey) that allows customers' limit details to be checked in real time. It provides member banks (or institutions) with information sharing on consumers' credit card limits. Under the regulation by the BRSA...
Credit Card
Can My Credit Card Limit Be Increased Without My Permission?
The limit set when the card was issued cannot be increased without the cardholder's permission and approval. If you have instructed periodic limit increases, later increases take effect unless you object within fifteen days of being notified.
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Does the Bank Have the Right to Refuse My Credit Card Limit Increase Request?
Yes. Banks may reject limit increase requests based on their assessment of a person's economic and social situation, credit score and similar information.
Credit Card
BRSA Tightens Credit Card Installment Limits
The BRSA has restricted the number of installments on credit card transactions depending on the sector, aiming to keep household spending from exceeding income. This post covers the new installment limits for furniture, white goods, TVs, gold, vehicle loans and the higher risk weights.